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Chapter 14. School Finance. Subchapter 8. Criteria and Standards for School District Budgets and Interim Reports. Budget Review. Note: For fiscal responsibility of County Superintendents. Local Control Funding Formula (LCFF) Revenue.   

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(a) Projected LCFF revenue for any of the budget year or two subsequent fiscal years has not changed from the prior fiscal year by more than the change in population, plus the district's gap funding or cost-of-living adjustment (COLA) and its economic recovery target payment, plus or minus one percent.

(b) For basic aid districts, projected LCFF revenue has not changed from the prior fiscal year by more than the percent change in property tax revenues plus or minus one percent.

(c) For districts funded by necessary small school formulas, projected LCFF revenue has not changed from the prior fiscal year amount by more than the district's gap funding or COLA and its economic recovery payment, plus or minus one percent.

(d) For the purposes of this section, districts that are already at or above their LCFF target funding level as described in Education Code section 42238.03(d) receive no gap funding. These districts have a COLA applied to their LCFF target, but their year-over-year revenue increase might be less than the statutory COLA due to certain local factors and components of the funding formula.

Authority cited:

Education Code 33127

Education Code 33129

Reference:

Education Code 33128

Education Code 42238.03

(Amended by Register 2013, No. 49.)